Housing: Taxation

(asked on 2nd December 2014) - View Source

Question to the HM Treasury:

To ask Her Majesty’s Government whether there has been any decline in stamp duty receipts on higher priced properties since public talk of a "mansion" tax began.


Answered by
Lord Deighton Portrait
Lord Deighton
This question was answered on 16th December 2014

Statistics on Stamp Duty Land Tax receipts by consideration band can be found in Table 3.1 of the ‘UK Stamp Tax Statistics 2013-14’ publication. The following table provides data, from that publication, for the estimated yield attributable to residential property within the £1 million to £2 million and above £2 million consideration bands for 2012-2013 and 2013-2014:

£1,000,001-£2,000,000

Above £2,000,000

Non-corporate bodies

Corporate bodies

2012-2013

585

800

70

2013-2014

805

1,010

70

Amounts: £ million. Figures may not sum due to rounding conventions

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